Compliance Watch

Each year, Americans observe National Hispanic Heritage Month from Sept. 15 to Oct. 15 by celebrating the histories, cultures, and contributions of American citizens whose ancestors came from Spain, Mexico, the Caribbean, and Central and South America.

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The Financial Action Task Force has announced it will conduct a webinar on Money Laundering from Environmental Crime on Sept. 30, 2021, from 7–8 a.m. EDT.

The Department of the Treasury announced a set of actions focused on disrupting criminal networks and virtual currency exchanges responsible for laundering ransoms, encouraging improved cyber security across the private sector, and increasing incident and ransomware payment reporting to U.S. government agencies, including Treasury and law enforcement.

The Office of Foreign Assets Control has released an Updated Advisory on Potential Sanctions Risks for Facilitating Ransomware Payments.

The Financial Crimes Enforcement Network has issued Notice FIN-2021-NTC3 to call attention to an increase in online child sexual exploitation (OCSE).

In a Letter to Federal Credit Unions, the NCUA announced it is piloting a new post-examination survey that will allow credit unions to provide timely feedback to the agency while helping to standardize the feedback process.

The Oklahoma State Credit Union Board has announced a special meeting on Tuesday, Sept. 21, 2021, at 2 p.m.

President Joe Biden issued a COVID-19 Action Plan, “Path out of the Pandemic,” which includes an effort to reduce the number of unvaccinated Americans by using regulatory powers and other actions to increase vaccination numbers.

Earlier this year, the Office of Foreign Asset Control posted Guidance on Filing the Annual Report of Blocked Property and emailed a reminder that holders of blocked property under OFAC regulations must provide OFAC a comprehensive list of all blocked property held as of June 30 of the current year by Sept. 30 of each year.